Mpay should axed some products and senior officiala that is not earning enough to cover the expenses. So many years of using public money, time for an answer to the shareholders.
this AGM pls come in big number and screw these guys. Chew must present a proper finanicial analsyis of situation instead of his regular technology garbage.
Impossible and unlikely to happen. All top posts are held by chew Chee Seng’s family members, wife, in laws.
kelvinfixx Mpay should axed some products and senior officiala that is not earning enough to cover the expenses. So many years of using public money, time for an answer to the shareholders
Some advice for the CEO, axed most of your senior managers or even better yourself. Shutdown few loosing money products, that is not giving any result, better go private and return the shareholders money at 25 cent. Make the share higher before you get scold by your shareholders.
This is a company that has been making substantial losses since FY15 (almost RM30mil). In FY18 alone, the total loss to shareholders was around RM8mil. Those investors that think that the company can suddenly turn to profit in FY19 might be having some wishful thinking. According to management the company’s turnaround plan will mainly be driven by the recent launch of its new online to offline to online system (o2o). However, given the company’s track record, investors would be safer to expect another loss year in FY19.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
Don't waste time & money in Mpay. It is hopeless. Very bad management. Management only think of themselves, big salary good benefit but poor management skill. Little revenue with huge losses all the year..really useless...
ManagePay Systems Berhad ('MPay' or the 'Company') - Acceptance of Letters of Offer by GCH Retail (Malaysia) Sdn Bhd ('GCH'), Jutaria Gemilang Sdn Bhd ('Jutaria') and Guardian Health And Beauty Sdn Bhd ('Guardian') from ManagePay Services Sdn. Bhd., a wholly-owned subsidiary of MPay, as the sole integrator to collaborate in facilitating all QR payment acceptance via 2D scanner or other banks payment devices.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Livermore
2,797 posts
Posted by Livermore > 2019-01-18 22:17 | Report Abuse
explosive stock soon... don't miss it